Baytex Energy Corp T.BTE

Interest payments

[Drifter133]

Guidance is for 80 million in intrest payments, wow! JUST FOR INTREST!!

I wouldn't mind at all if 100% of FCF went to debt and than start the Div and Buyback Jan. 1 2023!

[AvInvestor]

$80M in interest payments is minor in the aggregate. The right approach is to get the stock up by incrementally paying debt and buying back shares. They could later refinance with lower borrowing cost. 

[David01montreal]

This post has been removed in accordance with Community Policy

[Drifter133]

Agree AvInvester My feeling is concentrate on efficient production at Clearwater like they have. Get as much barrels through pipeline as possible while price of WTI is crazy and share price will have to rise. That high interest 500M bond in 2027 will defiantly have to be reworked for sure

[masfortuna]

They won't have that bond in 2027. At the rate they are going, they will be chipping at it by 2024. As it stands, I don't hold as many shares as some of the posters here, but  I may add if there is a pullback this week.

[Skylar1]

I agree pay it all on debt , the company will be stronger , the dividend bigger later , and the stock price higher. 

[ResearchSeeker]

Posted for humor, though there is some truth to this post. --- From Page 36 of March Presentation --- General and Administrative     $43 Million Interest                                    $80